Malaysia: Industrial output growth loses pace in August
Latest reading: Industrial output grew 4.1% in year-on-year terms in August, which followed July’s 5.3% increase. August’s deceleration was due to a deterioration in manufacturing output growth plus a heavy decline in mining and quarrying output.
On a seasonally adjusted monthly basis, industrial production fell 1.9% in August (July: +2.4% mom), the worst result since April 2023. Meanwhile, annual average industrial production growth rose to 2.8% in August (July: +2.4%), signaling an improving trend in the industrial sector.